<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FISCAL YEAR ENDED DECEMBER 31, 1998 FOR THE THREE MONTHS ENDED MARCH 31, 1998 AND MARCH 31, 1999, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> YEAR 3-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1998 DEC-31-1998 DEC-31-1998 <PERIOD-START> JAN-01-1998 JAN-01-1998 JAN-01-1999 <PERIOD-END> MAR-31-1998 MAR-31-1998 MAR-31-1999 <CASH> 4,455,000 0 6,305,000 <SECURITIES> 0 0 0 <RECEIVABLES> 13,269,000 0 13,752,000 <ALLOWANCES> (1,243,000) 0 (1,899,000) <INVENTORY> 0 0 0 <CURRENT-ASSETS> 17,641,000 0 19,555,000 <PP&E> 11,306,000 0 14,967,000 <DEPRECIATION> (4,588,000) 0 (4,972,000) <TOTAL-ASSETS> 153,656,000 0 210,736,000 <CURRENT-LIABILITIES> 8,041,000 0 8,109,000 <BONDS> 131,739,000 0 155,375,000 <PREFERRED-MANDATORY> 0 0 0 <PREFERRED> 20,884,000 0 27,889,000 <COMMON> 5,000 0 5,000 <OTHER-SE> (24,884,000) 0 4,612,000 <TOTAL-LIABILITY-AND-EQUITY> 153,858,000 0 210,736,000 <SALES> 0 9,097,000 13,390,000 <TOTAL-REVENUES> 0 9,097,000 13,390,000 <CGS> 0 (1,074,000) (1,573,000) <TOTAL-COSTS> 0 (1,074,000) (1,573,000) <OTHER-EXPENSES> 0 7,478,000 11,527,000 <LOSS-PROVISION> 0 326,000 499,000 <INTEREST-EXPENSE> 0 2,378,000 3,737,000 <INCOME-PRETAX> 0 (1,703,000) (3,884,000) <INCOME-TAX> 0 0 261,000 <INCOME-CONTINUING> 0 (1,703,000) (3,935,000) <DISCONTINUED> 0 0 0 <EXTRAORDINARY> 0 0 0 <CHANGES> 0 0 0 <NET-INCOME> 0 (1,703,000) (3,935,000) <EPS-PRIMARY> 0 0.27 0.52 <EPS-DILUTED> 0 0.27 0.52